Gold is on its way to its first rise in 5 weeks as the dollar’s strength declines

Gold prices rose on Friday, on track for their first weekly gain since mid-April, as the dollar’s retreat from two-decade highs and mounting concerns about US economic growth revived demand for safe-haven bullion.

And gold rose in spot transactions 0.2 percent to $ 1845.71 an ounce by 0556 GMT.

US gold futures rose 0.1 percent to $1,844.30 an ounce.

Gold prices, priced in dollars, rose by about 1.9 percent this week, with the decline of the US currency, in what will be the first weekly loss that he has wished in seven weeks.

Among other precious metals, silver rose 0.5 percent to $ 22 an ounce, and it rose by about 4.4 percent this week.

Platinum rose 0.1 percent to $963.49 and palladium rose 1.4 percent to $2034.63, and both are on track to achieve weekly gains of about 2.5 percent and 4.5 percent, respectively.